Word: receiverships
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Dates: during 1920-1929
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Suddenly, however, there appeared one Maurice I. Klein, a Newark physician, owner of a 25-share lot of Wilson stock; he demanded that an equity receiver for the Company be appointed. Before the receivership can become permanent, however, a hearing must be held. In all probability, President Thomas E. Wilson will have much to say at this meeting. He has announced that he will contest the proposed receivership...
...attack was unexpected. A friendly receivership, to be followed by a reorganization, was expected in Wall Street, although denied by the committees working on the matter. This expected development will be greatly complicated by the action of the obscure 25-share partner in the business. At recent market prices, Dr. Klein's stock is worth about $100; yet his claim for a receivership involves assets valued at $120,000,000. This apparent step toward throwing a monkey-wrench into the Company's machinery should provoke a lively tilt in the Courts when the question of a permanent receivership...
About two years ago, the Lincoln Motor Co., headed by Col. Leland, was forced into a receivership. After endeavoring to interest several wealthy interests, the Lelands at length went to Henry Ford. An agreement was arrived at between them, whereby Ford acquired the Lincoln plant, leaving Col. Leland in charge of it and apparently agreeing to indemnify approved creditors and stockholders...
Twice Mr. McClure was reported to have refused $1,000,000 for the magazine. But fortune changed. McClure's went into a receivership. Mr. McClure sold it in 1911 and set out to see the world, "to take a post graduate course in the universe...
...country. The work of the other committee is to consider the means of balancing Germany's budget and of stabilizing her currency. Unfortunately this fact touches the outskirts of the problem. The German nation, to all intents and purposes, is in a state of bankruptcy. The proposed plan of receivership can accomplish little as long as the Ruhr, the great factory center of the whole nation, is sewed up in the hands of the French, and every bit of capital which the weak German government can tax out of its people must be handed over to France for reparations...